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20121219
20121219
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Search Results 0 to 2 of about 3
CNBC
Dec 19, 2012 3:00pm EST
possibly have in the united states of america, old folks whose cost of living is going up, whose health care have increased, and now we have a formula that was original designed to find out what was the cost of living so that the social security check will be able to be increased to meet the cost of living. now we're doing it backwards. we find out how much money we want to save. incidentally social security was never supposed to be involved in this procedure. how much money do we want to save, and then we say we'll get a formula, and the formula will save us that much money over ten years. it's just not fair to do this to old folks, most of whom are dependant on their checks completely or in part. >> congressman, why should social security not be part of it? people aren't stupid. we all know what the three major drivers of our debt are, medicare, medicaid, social security. social security hasn't been changed. all that's been changed is they changed the eligibility age and that's about it. >> the only reason that it is not supposed to be a part of this because it was agreed that
FOX Business
Dec 19, 2012 3:00pm EST
, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a rally tomorrow but i will stick with my gun, don't think you'll miss the move if you don't get in here at the dollars going forward. i am a buyer at 85, a seller at 90. liz: more than $0.50 away. when we started we were $0.03 away. >> it is a lot easier than it looks, good luck selling $90. liz: $89.51 at the moment. thanks to everybody on the floor show. we'll watch the market so carefully but when you pick apart individual stories the one that has captured the attention of this nation today in a very big way is the facebook instagram story. dollar signs dancing is now turned blurry after a massive pr misstep causing a near revolt giving competitors glittery eyed. facebook
CNBC
Dec 19, 2012 4:00pm EST
smartest ways to get them made as quickly as pock. >> and i feel like america knows we need to make the changes. medicare has never been changed since it was first put into place. you know, what do you think it's going to take to actually get things done here? i -- does it surprise you that we don't have a deal yet at this time in the calendar? >> i don't know that it surprises me we don't have a deal yet because the unfortunate truth about washington negotiations is anything hard doesn't tend to happen until the very last moment, and let me be honest about that. that has real economic consequences and costs. it's already harm our economy that we're waiting so long, but what i really think we need to see, and you're right, voters outside of washington understand these issues, but we need real honest discussion with the people people where instead of both side pretending that you can get this without the tough choices and going back to the bases and saying there are things you don't like and instead of the conversation always being us and them, two sides fighting it out instead of the co
Search Results 0 to 2 of about 3